CBX Daily 4/8/2024

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CultureBanx Team
April 08, 2024

Today the youth are in a mental health blunder, but let’s start with AT&T’s price of privacy in a new data fumble…

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Unraveling AT&T's Personal Data Leak Impact On The Black Community

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AT&T’s (T+0.28%) recent data leak of 73 million current and former customers exposed tons of personal information. When it comes to data breaches they are often more problematic for people of color living on fixed or low incomes, raising serious concerns about digital equity and cybersecurity. Mitigating widespread damage from this data breach to these communities is imperative for AT&T to restore consumer confidence.

Calculating The Rising Black Youth Mental Health Crisis Costs

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Costs of mental health are beyond dollars; it costs lives which is an incalculable loss. The mental health industry was a $383.31 billion sector in 2020 and is estimated to reach $537.97 billion by 2030. A new CDC report highlighted the suicide rate for Black girls and women ages 10 to 24 increased more than 30% in 2020 and 23% among Black boys and men in the same age group, as the multi-billion mental health sector continues to thrive while leaving some people behind.

How Fashion Resale Is Fueling Style And Sustainability

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It's a fact that not everyone will wear a new Gucci belt or rock the limited high-end brand pieces released occasionally for a selected few. However, with the resale culture, common folk will get access to luxury and high-end fashion items at more affordable prices. You'll get to experiment with new styles and brands without breaking the bank. All this is thanks to the emergence of various resale platforms and strategic partnerships with retail giants who want to venture into the billion-dollar industry.

Amazon Is Expanding To The South African Market In 2024

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Amazon (AMZN +0.86%), the global e-commerce giant, has announced its plans to launch its online shopping service in South Africa in 2024. This move marks a significant expansion for Amazon, making South Africa only the second African country, after Egypt, to have a locally dedicated website from the U.S. company. South Africa will also become the 21st country to host Amazon's locally dedicated website, posing a significant challenge to the plethora of online retailers, primarily led by Naspers' Takealot.com.

The Unstoppable Growth Rate Of Latino-Owned Businesses In America

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In the vibrant tapestry of the U.S. economy, Latino-owned businesses have emerged as a dynamic and influential force. These entrepreneurs are creating businesses at over twice the rate of the general U.S. population, as their community necessitates high levels of innovation and ingenuity. New businesses owned by Latinos accounted for 36% of launches in 2023, according to a new analysis of Census Bureau data.

Vibes of the Week

Will AT&T have “Crocodile Tearz” after the data breach? Let’s wait and see. Meanwhile, J. Cole firing back for the first time ever in our CBX Vibes!